
China's average live hog price fell to 8.63 yuan per kg on November 9, a low for the year and the past decade, and pork retail prices also declined. Prices rebounded to 8.80 yuan per kg from November 13, though industry sources view the recovery as a short-term sentiment bounce.
Demand from the winter curing season is expected to pick up only from late November, while supply remains high from weight-heavy hogs and frozen pork stocks.
Low hog prices and heavy supply weaken hog farmers' need for feed, which reduces demand for corn and soymeal in China's feed sector and keeps feed price pressure limited.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.